Wednesday, June 28, 2023

"French Riviera Mansion of Long-Dead Russian Tycoon Put on Block"

In the past I would have joked that this would make an excellent Airbnb but after seeing the trouble coming for Airbnb property owners in the post immediately below, I'll hold off.

From Bloomberg via MSN June 27:

A century-old chateau on the French Riviera that was previously owned by a Russian oligarch is finally on the market after years of legal wrangling. It could fetch more than $100 million.    

The Chateau de la Garoupe on Cap d’Antibes is being sold by France’s agency for seized and confiscated goods, known as Agrasc. Visits are scheduled for September and final offers due Oct. 6, according to an outline of the auction process and description of the sprawling mansion and grounds.

The estate located in one of the country’s most exclusive playgrounds for the rich and famous was owned by Boris Berezovsky, a fervent critic of Russian President Vladimir Putin who died in the UK a decade ago. The sale follows a protracted court battle in France with Berezovsky’s creditors including billionaire Roman Abramovich and Russian airline Aeroflot PJSC over ownership. It was confiscated by the French state in 2015 as part of a separate money-laundering suit.  

Berezovsky, one of Russia’s first and best-known oligarchs, bought the chateau in the 1990s, paving the way for an influx of his wealthy countrymen to the area. Now, Russian ownership of luxury assets is under scrutiny globally following Putin’s decision to invade Ukraine....

....MUCH MORE Be it ever so humble, there's no place like home

Here's the offering brochure with interior and exterior pics:

Château de la Garoupe  

From the Call for Bids:

General information on the Call for Bids
Chemin des Contrebandiers and Chemin de la Croé.

Object of the call for bids
The FRENCH STATE represented by the Agency for the Management and Recovery of Seized and Confiscated Assets (l’Agence de Gestion et de Recouvrement des Avoirs Saisis et Confisqués - AGRASC) (hereinafter referred to as the Owner), is disposing of a property located in ANTIBES (06600), Chemindes Contrebandiers and Chemin de la Croé (hereinafter referred to as the Property).

Brief description of the Property

A property located in ANTIBES (06600), Chemin des Contrebandiers and Chemin de la Croé, composed of:
- a mansion called "Château de la Garoupe", consisting of a basement level, a ground floor and a first floor with an attic space, with a total floor area of approximately 1300 m²,
- five other buildings used as annexes or living quarters, some of which are in poor condition, with a total constructed area of more than 630 m²,
- a landscaped park of about ten (10) hectares including a swimming pool, a jacuzzi and a tennis court, The precise plot of land of the Property which will be about 10 hectares 36 ares and 00 centiares, shall be established before the signature of the notarial Deed of Sale, by means of subdivisions resulting from a survey document established from the parcels currently appearing in the land register, namely:

Section N° Location Surface
CD 133 CHE DES CONTREBANDIERS 00 ha 10 a 50 ca
CD 136 CHE DES CONTREBANDIERS 10 ha 39 a 00 ca